Monday, February 3, 2025

Stumbling Toward Taxation...The New Predator?

  

😎 Adding Fuel To The Fire?: "Credit Unions Are Making Money Off People Living Paycheck to Paycheck"

"There’s a new predator making money off overdraft fees: Credit unions. [link

 

✅ "Let’s be clear: Overdraft fees can be predatory. Every overdraft by definition turns money from someone who has run out of it into nearly pure profit for the bank or credit union that charged it..." 

Most of America’s largest banks and many smaller ones recently reduced overdrafts by more than half, and some eliminated the product entirely. Big banks made these changes for a variety of reasons, including the result of media and congressional scrutiny, competition from financial technology apps, and bank executives wanting to do the right thing.

 

The "Bigger Picture"?... there is one even if you don't understand it. [link]

3 comments:

  1. Have the overdraft fees at SECU increased or decreased

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  2. you use to get a pass on 2 overdrafts per year which I thought was fair ...

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  3. How else can you pay for the AEVP and above positions? Talk about top heavy . No wonder decisions cannot be made. It’s not rocket science.

    ReplyDelete